Resolute Holdings Q1 Net Sales $407.8M; Husky Acquisition Drives Growth
Resolute Holdings Management, Inc. reported Q1 2026 financial results significantly impacted by the Husky Technologies Limited acquisition completed on January 12, 2026. The acquisition led to a substantial increase in net sales to $407.8 million, up from $103.9 million in Q1 2025, and a massive expansion of total assets to $6.2 billion. Despite a net loss of $92.6 million for the quarter, net income attributable to common stockholders improved to $61.5 million, driven by non-controlling interest adjustments.
Key Highlights
- Husky Technologies Limited acquisition completed on January 12, 2026, for approximately $4,976.0 million enterprise value.
- Net sales surged to $407.8 million in Q1 2026, a significant increase from $103.9 million in Q1 2025.
- Reported a net loss of $92.6 million for Q1 2026, compared to a net income of $22.6 million in Q1 2025.
- Net income attributable to common stockholders was $61.5 million, up from a loss of $3.4 million in Q1 2025.
- Total assets grew to $6,215.0 million as of March 31, 2026, from $333.4 million at December 31, 2025.
- Long-term debt increased to $2,178.3 million as of March 31, 2026, from $169.8 million at December 31, 2025.
- Cash used for acquisition, net of acquired cash, was $665.2 million in Q1 2026.
- Company repurchased $38.0 million in shares during the quarter.
Price Impact
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